Sr. Quantitative Finance Analyst

Back to search results Sr. Quantitative Finance Analyst Charlotte, North Carolina; Jersey City, New Jersey; Atlanta, Georgia Additional locations Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Refer a friend Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Job Description:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!Job Description:This job is responsible for conducting quantitative analytics and complex modeling projects for specific business units or risk types. Key responsibilities include leading the development of new models, analytic processes, or system approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations may include the ability to influence strategic direction, as well as develop tactical plans.Responsibilities:Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key driversLeads the planning related to setting quantitative work priorities in line with the bank's overall strategy and prioritizationIdentifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validationMaintains and provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetiteLeads and provides methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential riskWorks closely with model stakeholders and senior management with regard to communication of submission and validation outcomesPerforms statistical analysis on large datasets and interprets results using both qualitative and quantitative approachesThis role offers the opportunity to shape enterprise wide economic views at one of the world's leading financial institutions, influence senior decision makers, and lead high impact work at the intersection of economics, risk management, and strategy. This is a critical leadership role within Global Risk Analytics, responsible for shaping the bank's macroeconomic outlook, scenario design, and economic risk assessments used for regulatory submissions, capital planning, allowance methodologies, and strategic decision making. This role partners closely with senior executives, risk committees, and business leaders to translate complex economic dynamics into actionable insights for a large, diversified financial institution. Specific role responsibilities would include: Macroeconomic Scenario Development Lead the design, review, and approval of enterprise wide macroeconomic projections and stress scenarios (1,800+ variables) supporting regulatory and internal use cases, including CCAR, CECL, IFRS 9 and internal forecasting.Ensure macroeconomic assumptions and scenario narratives are methodologically sound, well documented, and compliant with regulatory expectations and internal model risk standards.Risk Analytics & Strategic InsightAssess emerging macroeconomic, geopolitical, and financial market risks and identify implications for capital adequacy, credit risk, liquidity, and earnings.Develop forward looking economic analyses that inform enterprise risk identification, corporate planning, and stress testing outcomes across lines of business.Thought Leadership & Executive CommunicationProvide thought leadership on evolving economic conditions and risks to the baseline outlook through executive level presentations, written briefings, and recurring senior leadership forums.Translate complex economic and financial concepts into clear, decision useful insights for senior management, risk committees, and frontline business partners.Serve as a trusted advisor to executive leadership on macroeconomic trends and scenario driven impacts to the bank and the global economy.Team Leadership & CollaborationCollaborate with a high performing team of economists and analysts, fostering strong analytical rigor, clear communication, and effective challenge.Coordinate economic research and scenario development efforts across regions, portfolios, and risk disciplines.Mentor junior staff and contribute to the bank's broader economic research and talent development initiatives.Innovation & Continuous ImprovementAdvance the use of quantitative methods, data automation, and emerging technologies (including AI/ML where appropriate) to enhance scenario design, monitoring, and risk insights.Continuously evaluate and improve economic modeling frameworks to reflect structural changes in the economy and financial markets.Minimum Education Requirement: Master's degree PhD in Economics, Finance, or a related quantitative field.8+ years of experience in macroeconomic analysis, scenario design, or stress testing within a large financial institution, regulatory body, or economic research organization.Expertise in regulatory stress testing and allowance frameworks (CCAR, CECL, IFRS 9).Strong understanding of global macroeconomics, financial markets, and bank balance sheet dynamics.Proven ability to communicate complex economic concepts effectively to senior executives and non technical audiences.Experience interfacing with regulators and responding to supervisory feedback.Familiarity with model risk management frameworks and governance requirements.Experience leveraging advanced analytics, automation, or AI enabled tools in economic or risk analysis.Skills:Critical ThinkingQuantitative DevelopmentRisk AnalyticsRisk ModelingTechnical DocumentationAdaptabilityCollaborationProblem SolvingRisk ManagementTest EngineeringData ModelingData and Trend AnalysisProcess Performance MeasurementResearchWritten CommunicationsShift:1st shift (United States of America)Hours Per Week: 40 Learn more about this role Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Refer a friend Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Full time JR-26034103 Manages People: No Travel: No Age requirement: Must at least be 18 years of age. New Jersey pay and benefits information New Jersey pay range: $125,000.00 - $210,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve Share: Save job Job saved